Principal subsidiaries

The Group’s principal subsidiaries are presented in the following table:


 

Name and registered office

 

Deutsche Telekom share
%

Net revenuec millions of €

Profit (loss) from operationsc millions of €

Share­holders’ equityc millions of €

Average number of employees

Segment allocation

a

Consolidated subgroup.

b

Indirect shareholding of Deutsche Telekom AG.

c

IFRS figures of the respective subgroup.

In accordance with § 313 HGB, the full statement of investment holdings, which forms part of the notes to the consolidated financial statements, is published in the Federal Gazette (Bundesanzeiger) together with the consolidated financial statements. It is available upon request from Deutsche Telekom AG, Bonn, Investor Relations, and on Deutsche Telekom’s website (www.telekom.com) under Investor Relations. Furthermore, the statement of investment holdings includes a full list of all subsidiaries that exercise simplification options in accordance with § 264 (3) HGB or disclosure simplification options in accordance with § 264 b HGB.

Telekom Deutschland GmbH, Bonn, Germany

Dec. 31, 2018/2018

100.00

21,342

4,692

6,423

4,121

Germany

Dec. 31, 2017/2017

100.00

21,577

4,787

4,714

7,396

T-Mobile US, Inc., Bellevue, Washington, United Statesa,b

Dec. 31, 2018/2018

63.34

36,522

4,634

25,897

45,729

United States

Dec. 31, 2017/2017

62.29

35,736

5,930

22,927

43,935

T-Systems International GmbH, Frankfurt/Main, Germany

Dec. 31, 2018/2018

100.00

5,086

(454)

1,109

12,481

Systems Solutions

Dec. 31, 2017/2017

100.00

5,010

(1,536)

1,225

12,608

Hellenic Telecommunications Organization S.A. (OTE), Athens, Greecea

Dec. 31, 2018/2018

45.00

3,861

429

3,239

19,507

Europe

Dec. 31, 2017/2017

40.00

3,857

353

3,238

20,259

Magyar Telekom Telecommunications Public Limited Company, Budapest, Hungarya,b

Dec. 31, 2018/2018

59.72

2,060

241

2,326

9,166

Europe

Dec. 31, 2017/2017

59.44

1,975

248

2,295

9,094

T-Mobile Netherlands Holding B.V., The Hague, Netherlandsa,b

Dec. 31, 2018/2018

100.00

1,322

192

1,467

1,211

Group Development

Dec. 31, 2017/2017

100.00

1,355

201

2,520

1,262

T-Mobile Polska S.A., Warsaw, Polanda,b

Dec. 31, 2018/2018

100.00

1,525

(552)

1,462

4,816

Europe

Dec. 31, 2017/2017

100.00

1,509

(684)

2,119

4,379

T-Mobile Czech Republic a.s., Prague, Czech Republica,b

Dec. 31, 2018/2018

100.00

1,047

274

1,924

3,516

Europe

Dec. 31, 2017/2017

100.00

1,011

211

1,846

3,437

Hrvatski Telekom d.d., Zagreb, Croatiaa,b

Dec. 31, 2018/2018

51.14

1,049

185

2,303

5,424

Europe

Dec. 31, 2017/2017

51.00

1,039

144

2,208

5,032

T-Mobile Austria Holding GmbH, Vienna, Austriaa,b

Dec. 31, 2018/2018

100.00

1,055

41

3,474

1,548

Europe

Dec. 31, 2017/2017

100.00

900

109

1,546

1,204

Slovak Telekom a.s., Bratislava, Slovakiaa,b

Dec. 31, 2018/2018

100.00

761

149

1,532

3,568

Europe

Dec. 31, 2017/2017

100.00

748

108

1,434

3,499

The following table shows the non-controlling interests for principal subsidiaries:


 

Name and registered office

 

Percentage of share­holding for non-control­ling interests
%

Percentage of voting rights for non-control­ling interests
%

Cumulative non-controlling interestsc millions of €

Dividends paid out to non-controlling interests millions of €

a

Consolidated subgroup.

b

Indirect shareholding of Deutsche Telekom AG.

c

IFRS figures at the level of the consolidated financial statements of Deutsche Telekom.

T-Mobile US, Inc., Bellevue, Washington, United Statesa,b

Dec. 31, 2018/2018

36.66

36.66

9,255

0

Dec. 31, 2017/2017

37.71

37.71

8,424

0

Hellenic Telecommunications Organization S.A. (OTE), Athens, Greecea

Dec. 31, 2018/2018

55.00

50.00

1,607

93

Dec. 31, 2017/2017

60.00

50.00

1,743

47

Magyar Telekom Telecommunications Public Limited Company, Budapest, Hungarya,b

Dec. 31, 2018/2018

40.28

40.28

696

44

Dec. 31, 2017/2017

40.56

40.56

670

34

Hrvatski Telekom d.d., Zagreb, Croatiaa,b

Dec. 31, 2018/2018

48.86

48.86

917

33

Dec. 31, 2017/2017

49.00

49.00

875

32

Deutsche Telekom held 45 percent plus one vote of the shares in the OTE group as of the reporting date (please also refer to the information provided in the section “Summary of accounting policies” under “Other transactions that had no effect on the composition of the Group”). In accordance with shareholder agreements between Deutsche Telekom and the Hellenic Republic, Deutsche Telekom controls 50 percent plus two voting shares and therefore the OTE group’s financial and operating policy. Consequently, the OTE group companies are fully consolidated subsidiaries.

Summarized financial information for subsidiaries with significant non-controlling interests:

millions of €

Name and registered office

 

Current assetsc

Non-current assetsc

Current liabilitiesc

Non-current liabilitiesc

Profit (loss)c

Total compre­hensive incomec

a

Consolidated subgroup.

b

Indirect shareholding of Deutsche Telekom AG.

c

IFRS figures of the respective subgroup.

T-Mobile US, Inc., Bellevue, Washington, United Statesa,b

Dec. 31, 2018/2018

9,171

60,052

16,688

26,638

2,481

3,377

Dec. 31, 2017/2017

9,045

55,886

10,168

31,835

5,271

2,825

Hellenic Telecommunications Organization S.A. (OTE), Athens, Greecea

Dec. 31, 2018/2018

2,161

5,353

2,386

1,888

194

233

Dec. 31, 2017/2017

2,393

5,514

2,723

1,946

54

62

Magyar Telekom Telecommunications Public Limited Company, Budapest, Hungarya,b

Dec. 31, 2018/2018

800

3,230

1,069

636

145

79

Dec. 31, 2017/2017

663

3,349

730

987

123

121

Hrvatski Telekom d.d., Zagreb, Croatiaa,b

Dec. 31, 2018/2018

757

1,941

325

70

141

149

Dec. 31, 2017/2017

747

1,898

336

101

103

133

millions of €

Name and registered office

 

Net cash from operating activitiesc

Net cash (used in) from investing activitiesc

Net cash (used in) from financing activitiesc

a

Consolidated subgroup.

b

Indirect shareholding of Deutsche Telekom AG.

c

IFRS figures of the respective subgroup.

T-Mobile US, Inc., Bellevue, Washington, United Statesa,b

2018

7,567

(4,936)

(2,606)

2017

6,847

(9,948)

(966)

Hellenic Telecommunications Organization S.A. (OTE), Athens, Greecea

2018

949

(558)

(597)

2017

782

(732)

(334)

Magyar Telekom Telecommunications Public Limited Company, Budapest, Hungarya,b

2018

500

(266)

(167)

2017

507

(181)

(243)

Hrvatski Telekom d.d., Zagreb, Croatiaa,b

2018

321

(190)

(134)

2017

362

(185)

(125)